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Mortgage Market Update
Suzanne Camp
Suzanne Camp
Tuesday, October 20, 2026
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Picking the right mortgage program |
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Here's something I see all the time: borrowers who don't realize how much their loan type affects their options. This week, let's clear that up.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.28%
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Source: Optimal Blue daily mortgage indices via FRED
Rates shown are national mortgage index rates and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Loan Program Basics
Why your loan type matters more than you think
Not all mortgages are created equal. The program you choose—whether it's a conventional loan, FHA, VA, or USDA option—shapes everything from your down payment requirement to your monthly costs to how quickly you build equity. Each program has different rules about credit scores, debt ratios, and what kinds of properties qualify. First-time buyers often have more flexibility than they realize. Homeowners with existing mortgages might discover they're eligible for programs they didn't know existed. The right fit depends on your situation, not on what worked for someone else. If you're curious whether you're in the best program for your goals, or if a different option might open new doors, I'd love to walk you through what's available. Let's talk about which loan program makes the most sense for where you are right now.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
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2.
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If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
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3.
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Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Suzanne Camp team any time and we'll walk you through your options. |
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